I don't see how someone buying a store item is in any way a problem for nxt or even BTC right now. Can someone please enlighten me?
the harder part is: 1) Getting merchants to accept Nxt 2) How to lock the rate of Nxt...protecting merchants & consumers from volatile price movements. NOTE: We have to remember that most of the world will punish merchants if they don;t act according to the rules of the central government & pay their taxes. We have to remember 75% of the world don;t even use Visa....and Visa is FAR FAR ahead of Bitcoin. My Thinking is Nxt is way above just payment. EDIT: But one thing is sure.....there are more people with Cell phones than visa cards on the planet....and that number will EXPLODE in the coming years. |
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If NXT is going to succeed, it is going to succeed because the average person worldwide starts using NXT via their cellphone.
Let me say that again.
So - metal NXT medallions sold in blisterpacks to the 50-90% of the world with a cellphone who will never sit down at a computer and create their own 50 character passcode securely and randomly. That's my concept. If you think it's unworkable, then I ask you:
How can people with cellphones buy a candy bar with NXT?
I am in full agreement with you but I think this would be step 2 or 3.....right now we are just trying to get them to download Nxt for the 1st time on their phones. The Nxt Mobile Applications Company wants 50% of the world who uses cellphones to just have Nxt on their phones. To do this we have targeted messaging which is a basis function of cellphones....after a time we can unlock other features such as payment. |
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Ethereum: A Turing-Complete Cryptocurrency
This part might create problems. We don't need blockchain viruses, do we? I don;t know anything about this whole set-up.....my main takeaway was that article is Mastercoin is basically dead.....Ethereum kills Mastercoin. |
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Its the exact same as in a publicy traded company....vote by shares. Nxt is an enterprise....if you want more votes then buy more nxt....the shareholder who has 1% of shares cannot outvote the shareholder who has 51% of the shares.
From what 've seen so far, it's been called an open decentralised p2p currency, a feature-full service, even an idea. Now it's also an enterprise? this is getting even more complicated hehe. Here's one from me! Nxt is an enterprise in the sense that to obtain Nxt you must buy them....as each Nxt has value. And each Nxter is a stakeholder once he owns 1 nxt. |
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I ask members who are against voting system to look at all the polls we have been having lately & honestly I don;t think the number will decrease as we more forward.
So a voting system is definitely required....the sooner the better.
A portion of the community funds should be spent for this ASAP!
before spending coins, how should the voting system work, lets also discus this on the fora. - vote per account - vote per coin - pay for vote % of owend coins? - etc... My idea is that it should be 1 vote = 1 account. What is the point of having a voting system , if it is connected to your total coins? That's even dirtier than the election process in 3rd world failed states. I could have a million votes with a million coins and still overvote 1 million account holders. That is not a representative system, definately not a fair system , if voting is to be implemented based on total amount of coins in an account. Its the exact same as in a publicy traded company....vote by shares. Nxt is an enterprise....if you want more votes then buy more nxt....the shareholder who has 1% of shares cannot outvote the shareholder who has 51% of the shares. Edit: I doubt the shareholder with 51% of shares will undertake actions which would see him lose that stake. Same thing in Nxt.....I doubt a large stakeholder would do something stupid that jeopardize his/her stake. BOTH ARE REAL WEALTH....a Large stakeholder has alot more to lose than a small stakeholder so the system will naturally balance itself....the stock market/publicly traded companies have survives on these principles for 300 years. |
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Second Gen coin from the co-founder of bitcoinmagazineI took this small portion from the below article: Ethereum: A Turing-Complete Cryptocurrency http://www.tuicool.com/articles/6BnUbu"Here is where we get to the actually interesting part of the Ethereum protocol. In Ethereum, there are actually two types of entities that can generate and receive transactions: actual people (or bots, as cryptographic protocols cannot distinguish between the two) and contracts. A contract is essentially an automated agent that lives on the Ethereum network, has an Ethereum address and balance, and can send and receive transactions. A contract is "activated" every time someone sends a transaction to it, at which point it runs its code, perhaps modifying its internal state or even sending some transactions, and then shuts down. The "code" for a contract is written in a special-purpose low-level language consisting of a stack, which is not persistent, and 2^256 memory entries, which constitute the contract's permanent state. Note that Ethereum users will not need to code in this low-level stack language; we will provide a simple C-like language with variables, expressions, conditionals and while loops, and provide a compiler down to Ethereum code"
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Looks cool. I would like to see some comment from CFB to make sure we don't interfere with some unrevealed feature, but then, I'll add it to Solaris. Other client developers checking in? I absolutely cast my vote for using a standardized Reed Solomon NXT account number all beginning with N containing the characters 2-9, A-Z while dropping the use of 0 and O and 1 and I. Adding just an N in front to denote "NXT" is a half measure. I think we should go for bold branding and have the first three characters of every address always be "NXT" so non-users recognize it and eventually become converts. This would bring the total length to exactly 20 characters, which can be either four groups of five separated by dashes, or five groups of four. I personally prefer the latter. it would be good marketing |
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I ask members who are against voting system to look at all the polls we have been having lately & honestly I don;t think the number will decrease as we more forward.
So a voting system is definitely required....the sooner the better.
A portion of the community funds should be spent for this ASAP!
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I'd prefer sticking with curve25519 for messages.
The public keys are already in the protocol, so you don't need to transamit new ones, it's save, it's easy because you have all the dependencies already there, and it fits the problem perfectly...
I'd like to remind that each session should use a unique key-pair to avoid known-plaintext attacks. Is this mentioned in the original THREAD |
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Update on the NXT project:
4) Media campaign, is ongoing, but we should wait to throw the bomb when above issues r solved I thought utopianfuture and or landomata takes the lead here ?
1) utopianfuture should manage the media campaign.2) Nxt Mobile App. Co. has taken control of my mind for the foreseeable future. MISSION STATEMENT: The mission of the Nxt Mobile Applications Company is to facilitate mass adoption of the Nxt ecosystem.We are looking for more IPhone developers, marketers, financial backers. etc. Pls visit: https://nextcoin.org/index.php/topic,2634.0.html or https://forums.nxtcrypto.org/viewtopic.php?f=2&t=467 |
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You are free to provide any suggestions you wish.
I can critic all my ideas  i meant suggest some other names....2 brains are better than 1. |
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You are free to provide any suggestions you wish. |
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Version 1.2. of my Windows NXT client "NXT Solaris" is available:
Solaris like OS or like Car? Solaris app for Windows or Windows app for Solaris? So, bad name We had some better names ie. Jupiter & Solara ....but Alias squatters got to them right after I posted my suggestions to Marcus03 on this thread. ...if marcus03 had called it Jupiter as first intended would he then be referring to the planet? |
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If add the Arbitrary Messages new feature, will it cause chain data bloated?
There is a limit for AM, i think it was 360 000 per 24h because of the current state of the network. Somebody may correct my if i am wrong? about 4 messages per. sec. |
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1) Process thousands of transactions, quickly
2) Provide a means for generating interest income
3) Practical means for adding new features
4) Be able to run on mobile devices
Means of generating income....sounds more like a real economy. |
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What is the time frame for No. 2
Edit: or are things still in the planning phase?.....if yes....how long would it take to implement once plans are finalized?
~6 months, but this is a rough assessment. We don't need to hurry, copycoins can't outpace us anyway, coz not all details of TF were revealed. Asset Exchange, Alias System... none of these features r ground-breaking, only Transparent Forging is a real improvement. Could we achieve msg per. day limit of a few million after that time... Yes Can we implement my msg fee idea....you pay 1 Nxt in messenging fee every 1440 blocks to send messages to one other account....if you want to send to a new account you have to pay a fresh messaging fee. |
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What is the time frame for No. 2
Edit: or are things still in the planning phase?.....if yes....how long would it take to implement once plans are finalized?
~6 months, but this is a rough assessment. We don't need to hurry, copycoins can't outpace us anyway, coz not all details of TF were revealed. Asset Exchange, Alias System... none of these features r ground-breaking, only Transparent Forging is a real improvement. Could we achieve msg per. day limit of a few million after that time... |
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1. How many messages per. day is the next limit after the present one?
2. When will this limit be expanded?
1. This is limited by technical capabilities of services like CloudFlare. 2. When we implement Pooled Forging and Transparent Forging. What is the time frame for No. 2 Edit: or are things still in the planning phase?.....if yes....how long would it take to implement once plans are finalized? |
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